eHealth, Inc. (NASDAQ:EHTH) Stock Has Average Target Price of $2.19

eHealth, Inc. (NASDAQ:EHTH) has received an average recommendation of “Reduce” from the six research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $2.19.

EHTH has been the topic of a number of recent research reports. Royal Bank Of Canada cut their price objective on eHealth from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 25th. UBS Group decreased their target price on eHealth from $2.00 to $1.75 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of eHealth in a research note on Thursday, August 13th.

Insider Activity

In other news, Director Francis Soistman, Jr. sold 37,297 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $1.05, for a total transaction of $39,161.85. Following the completion of the transaction, the director directly owned 1,015,221 shares of the company’s stock, valued at approximately $1,065,982.05. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 94,899 shares of company stock valued at $95,893. Company insiders own 7.20% of the company’s stock.

Institutional Trading of eHealth

Several hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC acquired a new position in eHealth during the 2nd quarter worth approximately $125,000. Susquehanna International Group LLP increased its position in shares of eHealth by 103.1% in the 2nd quarter. Susquehanna International Group LLP now owns 97,843 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 49,673 shares during the last quarter. Nantahala Capital Management LLC acquired a new stake in shares of eHealth in the 2nd quarter valued at $2,624,547. Palo Alto Investors LP acquired a new stake in shares of eHealth in the 2nd quarter valued at $2,209,368. Finally, Bank of America Corp DE purchased a new stake in shares of eHealth during the 2nd quarter worth $252,000. Institutional investors and hedge funds own 79.54% of the company’s stock.

eHealth Trading Down 0.6%

NASDAQ EHTH opened at $0.61 on Friday. The firm’s 50-day moving average is $0.95 and its two-hundred day moving average is $1.37. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.12 and a quick ratio of 5.12. eHealth has a 12 month low of $0.58 and a 12 month high of $5.89. The stock has a market capitalization of $19.43 million, a P/E ratio of -0.52 and a beta of 1.63.

eHealth (NASDAQ:EHTH) last posted its earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) earnings per share for the quarter, missing the consensus estimate of ($0.84) by ($0.34). eHealth had a net margin of 5.42% and a return on equity of 6.13%. The company had revenue of $33.57 million during the quarter, compared to analyst estimates of $33.28 million. On average, sell-side analysts anticipate that eHealth will post 0.80 earnings per share for the current year.

About eHealth

eHealth, Inc operates an online health insurance marketplace that helps consumers compare and enroll in health insurance plans. Through its digital platform and licensed insurance agents, the company provides information about plan benefits, coverage options and enrollment requirements from participating insurance carriers.

The company’s principal offerings include Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans. It has also historically offered individual and family health insurance, as well as certain small-business health coverage options.